Islam, Nazrul; Yokota, Kazuhiko - In: Asian Economic Journal 22 (2008) 4, pp. 359-396
This paper examines China's industrialization in the light of the Lewis growth model. It begins with a perusal of Lewis's own writings and those of Fei and Ranis to clarify certain assumptions and predictions of the Lewis model. The paper then reviews previous applications of the Lewis model in...